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A product is marked at $500 and is sold at a 10% discount. What is the selling p
A product is marked at $500 and is sold at a 10% discount. What is the selling price?
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Q1
A product is marked at $500 and is sold at a 10% discount. What is the selling price?
$450
$475
$500
$550
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Discount = 10% of 500 = 50. Selling price = 500 - 50 = 450.
Questions & Step-by-step Solutions
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Q
Q: A product is marked at $500 and is sold at a 10% discount. What is the selling price?
Solution:
Discount = 10% of 500 = 50. Selling price = 500 - 50 = 450.
Steps: 5
Show Steps
Step 1: Identify the marked price of the product, which is $500.
Step 2: Calculate the discount amount by finding 10% of the marked price. To do this, multiply 500 by 0.10 (which is 10% in decimal form).
Step 3: The discount amount is 500 * 0.10 = $50.
Step 4: Subtract the discount amount from the marked price to find the selling price. So, $500 - $50 = $450.
Step 5: The final selling price of the product is $450.
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